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RE: The Easiest Way to Make Money on Crypto? Here it is. Part 3.
The advantage of Steemit is that you do NOT put fiat INTO crypto...you only take it out.
The advantage of Steemit is that you do NOT put fiat INTO crypto...you only take it out.
Yea I thought that also.
But I looked at accounts earning most of rewards on some posts and......
a rep of 25, zero post or comments, yet chock full of SP
So either SP was transferred or bought with cash on an exchange was my conclusion
The "taking out" is a loooooongg ways off :-)
Earning at 0.001 / post / comment takes a VERY long time to accumulate!
Only whales seem to actually earn here (by up voting each other it appears)
which is sad for the platform, to the point I wonder if platform will last very long before basic concept is 'stolen' and implemented better by someone else.
50% stats re minnows leaving is not a good stat, but VERY understandable IMHO
"whales" are doing OK, is the mindset issue whales seem to have from comments I've read
I don't see a problem.
I started with zero.
I've never 'invested' a dime.
other than my time.
I've taken OUT quite a good chunk of change.
it just takes time and effort.
if folks quit and go somewhere else.
GOOD FOR THEM.
more for me.
Fair enough
I'm not sure if the system has changed since starting 12-18 mths ago.
Maybe that is the difference?
Maybe it is because of more users on system?
I gather from your comment a "fixed" amount is distributed each week?
Still trying to figure game rules & details :-)
I'm still new, trying one day at a time
Knowing what to write about is interesting part for me ATM
Thanks for votes :-)
You don't have to build sp with your own posts exclusively you can make 5 cents to a dollar or more commenting on whale posts. Maybe not King's Crown but some these whales upvotes on comments are huge. It's easier to invest but you don't have to.
And once you make a few SBD buy whale votes with it to get there quicker instead of saving it
I have been commenting lots, most only earning 0.001 - 0.002. I'll keep a sharp eye out for some $0.50 -$1.00 ones!
I've been converting all SBD > STEEM > SP to help my vote "strength"
I'll look into buy whale votes.
minnow boost etc all seem like scams from the adverts / promos etc.
And it's so hard to earn, I don't want to loose what I have gained so far! (but I'm only a few weeks in also)
There are tricks for that too. being comment 100 on a 4 day old post decreases odds of high value upvote in my experience. Sometimes the biggest whales are the cheapest with comment upvotes. If you are serious start making a list off site every time you get a high vote add that user to it, I go back to my comments section a day or two later and see who has given votes and they get followed.
OK thanks for tips.
I was thinking re a bot, that could scan for the best 'tippers' or something.
A long way off for me to do!